Member Info for nissangtr786

123p will only happen if they land a huge deal or get a takeover offer or they go viral on the media with one of there new products. Maybe history of 2020 will repeat and Genedrive will surge again.

I am not selling until it hits at least 30's. Things can change quickly as we saw just 1 year ago when it surged. I can see some director buys today at end RNS.

My target price is now a lot less after today. :(

Remember like a year ago it crashed and then surged soon after with some RNS’s soon after the results. Maybe Budd has a pump and dump crew lined up for this next 10-30 days.

I reckon those people who panick sold today will massively regret within next 30 days.

Remember Genedrive surged after last results crash. I can see it surging again but into the high 30’s in next 30 days.

https://pharmaceutical-journal.com/article/news/adverse-drug-reactions-reduced-by-nearly-one-third-after-genetic-testing-major-trial-results-to-show
Posted by new business development manager.

Remember last year after results it surged on news after. I can see something like that happening again. It surged from around 17.5p to briefly 82p in like 2 weeks. Maybe we can see something crazy like that again.

I am holding until at least 30p now. Usually rockets now and again. Maybe some more NHS installations due.

This is main part that gives me confidence for the future:

Our unaudited cash balance as at the end of October 2022 was £3m, reflecting a monthly burn rate of £0.4m since the year end.

Balance sheet

Balance sheet net assets at 30 June 2022 were £5.6m (2021: £3.6m). Fixed assets were £0.2m (2021: £0.3m) and include right to use lease assets of £0.02m (2021: £0.2m).


Current assets of £6.4m (2021: £4.5m) included cash of £4.6m (2021: £2.6m). Inventories of £0.7m (2021: £0.6m), consisted mainly of raw materials used in manufacturing and R&D. The remainder of current asset values were in receivables of £0.1m (2021: £0.2m) and tax. The tax receivable was £1.0m (2021: £1.2m) for the current year Corporation Tax Research and Development tax claim.



Current liabilities were £1.0m (2021: £1.3m).


Net assets closed at £5.6m (2021: £3.6m). The comprehensive loss for the year was £4.7m (2021: £0.7m).



Going concern

Following the equity fund raise which completed in October 2021 the Company has a cash runway to the end of the June 2023 financial year. We are confident in gaining commercial traction and securing significant revenues, but due to the time required to achieve this, we will require additional funding in our 2023 financial year. As described in the accounting policies, we continue to adopt a going concern basis for the preparation of the accounts, but the above condition represents a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern.

I think the reason it was 9.5p-10p recently due to people thinking a placing was gonna happen. I think it will stay at least in the 10-15p range until further news now.

At least they still have money left. I am surprised how little they sold. Now I think they need a big contract for it to rise. Given up on 123p after today. Will hope to see 42p one day again.

jayhayes you can have my shares at 123p a share tomorrow. :)

https://twitter.com/InvestorMeetCo/status/1594254419859853320

Some reason I am starting to think this will be 123p again very soon. You just never know. GLA. Genedrive should be now raking it in going by David Budd timeline for progress. I have a feeling they have massive sales and that is why they have been silent for so long, waiting for results day. No wonder they want to do a presentation on the same day this time unlike last year.

I reckon Genedrive is due a huge surge. This year peak is 42p. Previous 2 years it hit over 150p. That is why seeing 9.5-11p last 2 weeks doesn't bother me. I am hoping I get my dram 123p sell price. I would have been better off selling at 42p and buying back at 10p this year but I held for so long as I wanted 123p but now will take 30's but hoping for a miracle 123p sell price still. I missed out on Synairgen and Genedrive surges in 2020 and had Synairgen in my watch list when I saw it went down to 35p from 42p and then next day it hit 220p. I couldn't believe I missed out due to being scared to invest back then.

That is why I rather be in a medical stock now and not miss out. I rather be in no matter what vs watching from the sidelines. Also Genedrive are now in commercialisation stage now so seems like a no brainer with so many people helpingg them out to sell and even sales people. Also they are making products that will make a huge difference in the world so it is good to see the progress they make even if one day I sell.

To be honest I don’t really mind much if it is 10p or 20p. I am waiting for at least 30p+ until I sell. Maybe a foolish strategy but I had many opportunities to sell at over. 30p.

Lloyd88 well that will only happen if on Monday Budd announces like a £100M sales contract but given up on it now.

I am not selling until at least it hits 30p as I had many opportunities to sell at that price.

I am now changing my prediction of 13p on Friday close to 11p. Looks on google a big volume sell. I think sentiment here is gone but I reckon on Monday it will be the first hugely positive results RNS in a while.